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20130131
20130131
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SFGTV
Jan 30, 2013 11:30pm PST
agreement wherein part is paying the sfmta, mr. chairman, that is a totaly voluntary agreement so that bart does not have to enter into the agreement the feeder agreement or where the sfmta is getting a payment. it's totally voluntary. * that is in contrast to the fast pass agreement. on page 7 of our report regarding the -- regarding that feeder agreement as shown in table 1 on page 7 of our report, that without the 5% annual cap on the payment increases, the payments would increase approximately 6 percent annually, and would result in a total of $33.3 million in payments in bart through sfmta. that is an increase of about 1.2 million in payments over the term of the proposed feeder agreement with the 5% cap in place. and while we believe that the 5% cap is reasonable, we note that there is currently no floor limiting how much the annual payments by bart and sfmta would decrease over the ten-year term. so, that's why we've made a recommendation regarding that issue. on page 8 of our report, we point out that as shown in table 3, the -- based on the estimated payments for both the prop
SFGTV
Jan 30, 2013 10:30pm PST
year and a half ago, just before i started my tenure as the director of the sfmta and right before my counterpart at bart [speaker not understood] started her tenure as the general manager there. at that time there were some concerns raised by the budget and finance committee and sent it to agencies back with some direction in terms of what they wanted to see including bringing both of these agreements together and then some specific provisions or at least guidance. when grace and i first assumed our respective duties in late 2011, we got together and this was one of the first things we talked about because even at that time these agreements were in arrears, what were past expiration. the two agencies were withholding payment from each other and we decided as the new kid on the block that we needed to get together, take heed of what the message and direction we got was from the board of supervisors and get these agreements done so that we can move forward. we fairly quickly were able to come to agreement in principle on the shape of these two agreements. and while i recognize and a
SFGTV
Jan 30, 2013 11:00pm PST
why today. >> i think it was the sfmta [speaker not understood]. i think it was the sfmta's understanding that we would do this one time and then go forward from here it would be based on cpi. so, this agreement would take us to 2014 based on that formula. but i understand, i understand what you're saying. * there. for the feeder agreement, historically it's been based on a different methodology. when it was originally conceived in the mid 1980s, it was based upon the actual number of feeder trips that would [speaker not understood] at that point, multiplied by the net cost per passenger. and that cost per passenger was basically the total amount cost minus the fare revenue that we got. the budget and legislative analysts in their report last year calculated that would be approximately $15 million under that same methodology. in 1989, both parties agreed to -- at that point to transition over to a sales tax based methodology. and one of the issues there was that the sales tax methodology was easier to do because we could not count ridership. we didn't have any way of trackin
SFGTV
Jan 31, 2013 6:30am PST
with sfmta, and the private sector as well. we're already looking at even better practices of picking up the garage earlier, getting the streets cleaner and making sure that we do everything to celebrate positively. everybody clean their house before chinese new year's. get rid of all the bad stuff that happened last year. [ laughter ] bring in the new spirit. this is the way to do it. as we celebrate and i am looking forward to not only a great new year's celebration, but something along the lines of some local football team that we want to celebrate as well [ applause ] thank you very much. [ applause ] >> thank you, mayor lee. and like the mayor said, when we work here in chinatown or in district 3 there is someone that is always there with us, whether it's the broadway streetscape improvement, or the many projects that go on polk street or all around the neighborhood, please ask supervisor david chiu to say a few words >> good morning everyone, happy new year and happy new year of the mini dragon. i want to thank the chinese community coming together for today's announcement, as w
Search Results 0 to 3 of about 4